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Barclays, former executives charged over Qatar fundraising

Bloomberg Barclays Plc and four former executives were charged with conspiracy to commit fraud regarding the bank’s 2008 capital raising from Qatar as it sought to avoid a bailout during one of the most turbulent periods in financial history. The Serious Fraud Office said on Tuesday that former Chief Executive Officer John Varley, former chairman of investment banking for the ...

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Mashreq wins big at Global Gallup Awards

Bubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, proudly announces that it has won the Gallup Great Workplace Award in 2017, thus winning this award for the 4th consecutive year. This is an exceptional milestone win, as no other bank in the region has achieved this status to date. This win places Mashreq in ...

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‘China’s banks risk laziness without outside rivals’

Bloomberg People’s Bank of China (PBOC) Governor Zhou Xiaochuan said China should forge ahead to further open the financial services industry, in a signal the country may allow foreign firms greater access to the market. Protecting domestic firms from outside competition makes them lazy, which weakens them and may lead to financial instability, Zhou said on Tuesday at the Lujiazui ...

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